EAE 204: Economic Development Lecture Notes

KES 200

Secure M-PESA Paybill • Instant digital delivery

View all Notes.

904 Views

7 Purchases

View Schemes of Work View Lesson Plans

Summary

TABLE OF CONTENTS

I. INTRODUCTION 3
II. COURSE OBJECTIVES 3
III. COURSEWORK AND READING 4
IV. REFERENCES 4
V. COURSE TOPICS 5
TOPIC ONE: INTRODUCTION 11
1.1 Introduction 11
1.2 Topic Objectives 11
1.4 Measurement of Elements of Development 13
1.5 Barriers to development 15
1.5.1 Vicious circles of Poverty 15
1.5.2 Low Rate of Capital Formation 16
1.5.3 Socio-cultural constraints 16
1.5.4 Agricultural constraint 17
1.5.5 Human Resource Development Constraint 18
1.5.6 Foreign Exchange Constraint 18
1.6 Topic Summary 19
1.7 Activities 20
1.8 Self Test 20
1.9 Further Reading 21
TOPIC TWO: THEORIES OF ECONOMIC DEVELOPMENT 22
2.1 Introduction 22
2.2 Topic Objectives 22
2.3 Classical Theories of Economic Growth 23
2.4 The Marxist Theory 25
2.4.1 Application to Developing Countries 26
2.4.2 Critique of the Marxian theory 27
2.5 Keynesian Theory of Economic Development 27
2.5.1 Assumptions of Keynesian Theory 28
2.5.2 Tools of Keynesian Theory 28
2.5.3 Application of Keynesian Theory in Developing Countries 30
2.6 Neoclassical Theories of Economic Development 31
2.6.1 Rostow‘s Stages of Economic Growth Theory 31
2.6.1.1 Traditional Society 31
2.6.1.2 The Pre-conditions for Take-off 32
2.6.1.3 The Take-off 32
2.6.1.4 The Drive to Maturity 35
2.6.1.5 Age of Mass Consumption 35
2.6.1.6 Application to Developing Countries 35
2.6.1.7 Limitations 35
2.6.2 Lewis Theory of Unlimited Labor Supply 36
2.6.3 The Solow Model of Economic Development 38
2.6.3.1 Limitations of Solow Model 39
2.7 Endogenous Theories of Economic Development 40
2.7.1 The Romer Model of Economic Development 40
2.7.1.1 Limitations of Romer Model 44
2.7.2 The O-Ring Theory 45
2.7.3 Sen‘s Welfare Theory 47
2.8 Topic Summary 49
2.9 Activities 51
2.10 Self Test 51
2.11 Further Reading 53
TOPIC THREE: DEVELOPMENT STRATEGIES AND POVERTY ALLEVIATION 54
3.1 Introduction 54
3.2 Topic Objectives 54
3.3 Micro -Type Development Strategies 55
3.3.1 High Capital Inflow 55
3.3.2 High Primary Exports Strategy 55
3.3.3 Moderate external Capital Inflow 55
3.3.4 Low External Dependence Strategy 56
3.4 Macro -Type Strategies 56
3.4.1 Technocratic Strategy 56
3.4.2 Reformist Strategy 56
3.4.3 Radical Strategy 57
3.4.4 Basic Needs Strategy 57
3.5 Poverty, Its Measurement and Poverty Alleviation 58
3.5.2 Effects of Poverty 64
3.5.3 Measuring Poverty 67
3.5.4 Anti-poverty Programs 68
3.5.5 Determinants of Poverty in Kenya 70
3.6 Topic Summary 72
3.7 Activities 74
3.8 Self Test 75
3.9 Further Reading 76
TOPIC FOUR: VISION 2030 77
4.1 Introduction 77
4.2 Topic Objectives 77
4.3 Foundations for Socio -Economic Transformation 78
4.3.1 Infrastructure 78
4.3.1.1 Energy as a Foundation of Vision 2030 80
4.3.2 Science, Technology and Innovation 82
4.3.3 Land Reforms 83
4.3.4 Human Resource Development 84
4.3.5 Security 85
4.4 Economic Pillar 86
4.4.1 Overview 86
4.4.2 Tourism 86
4.4.3 Agriculture 88
4.4.4 Wholesale and Retail Trade 91
4.4.5 Manufacturing 92
4.4.6 Business Process Outsourcing/Offshoring 94
4.4.7 Financial Services 95
4.5 The Social Pillar 101
4.5.1 Overview 101
4.5.2 Education and Training 101
4.5.3 Health Care Delivery 104
4.5.4 Water and Sanitation 105
4.5.5 Environmental Management 109
4.5.6 Gender, Youth and Vulnerable Groups 111
4.5.7 Housing and Urbanisation 114
4.5.8 Social Equity and Poverty Reduction 116
4.6 Challenges Facing Implementation of Vision 2030 118
4.7 Topic Summary 119
4.8 Activities 120
4.9 Self Test 120
4.10 Further Reading 121
..................................

You’re viewing a preview. Buy now to unlock the full document and download instantly after M-PESA payment.

........

This is the end of this document preview. Buy to download the complete document.

More Resources

Certificate in Plumbing Complete Notes
Certificate in Plumbing Complete Notes INTRODUCTION TO PLUMBING Specific objective a. Narrate the history of plumbing trade b. State relationship existing between plumbing and other building...

Price: KES : 100
Clinical Medicine: General Surgery Complete Notes
Download complete Clinical Medicine General surgery complete notes SURGERY MODULE 1 SURGERY 1 It has three units: 1. General introduction to surgery 2. Soft tissue...

Price: KES : 200
Digital Literacy Complete Notes
Enhance your digital literacy with comprehensive notes. Purchase now and receive instant delivery via WhatsApp, email, or direct download. 1.1 Determine concepts of ICT in accordance with computer...

Price: KES : 250
ISC 207 Management Information Systems Notes
Full notes on management of information systems. Get the full notes here Brief Overview: System Concept A system is an organized, purposeful structure regarded as a whole and consisting of...

Price: KES : 200
Laboratory Manual on the Determination of Electrical Conductivity and Salinity of Water
This is a laboratory manual on the determination of electrical conductivity and salinity of water Experiment: Determination of the conductivity and salinity of water Introduction Conductivity is a...

Price: KES : 500
Kenyatta University EMP 201: Curriculum Development Notes
Document Length: 9 pages. The notes are all about curriculum Implementation and Teacher education, the definition of Curriculum Implementation, Strategies for Curriculum Implementation, Agencies of...

Price: KES : 150
Internet and Networking Revision Notes: Module III diploma in ICT
These are revision questions and answers for module III diploma in ICT. They are very understandable Q&A for exam preparation. DATA COMMUNICATION AND NETWORKS 1. Define the term Computer...

Price: KES : 200
TPR 202 Ethics/Introduction to Ethics Notes
These are the ethics notes from a researched background and they help one understand about social science. Please read and at the end of it you will benefit, am sure. TPR 202 ETHICS/ INTRODUCTION...

Price: KES : 150
Sociology Notes: Scope of Sociology
Sociological theory: A theory refers to a statement of general principles which try to explain the nature of things. A sociological theory is, therefore, a branch of sociology that attempts to...

Price: KES : 200
Conflict of Laws With Regard to Marriage
Introduction According to Fawcett, private international law (Conflict of Laws) is that part of domestic law which comes into operation whenever the court is faced with a claim that contains...

Price: KES : 1500
CLS 401: Professional Ethics Notes
Notes on Professional Ethics and practice for Law students, neatly summarized for easier reading and understanding. Each topic is outlined clearly. The notes cover most topics taught in professional...

Price: KES : 2000
EMA 412: Economics and Planning of Education Notes 4th year
These are lectures note for EMA412:ECONOMICS AND PLANING OF EDUCATION for 4th year for education students. Brief Overview: Educational Planning Is a conscious and deliberate Government effort...

Price: KES : 300
EMA 411: Educational Management and Administration Notes
These are lecture notes of EMA 411.EDUCATIONAL MANAGEMENT AND ADMINISTRATION for 4th year students for teaching and reading. Brief Overview: Organization – refers to the structure and...

Price: KES : 200
AEC 418: Project Appraisal and Evaluation - Introduction to Project Appraisal Notes
Content: This is an introduction to project appraisal and evaluation. 1. Introduction A project appraisal should entail the following: 1) A presentation and discussion of the socio-economic...

Price: KES : 300
AEC 418: Project Appraisal and Evaluation - Financial Appraisal Notes
This is a well illustrated topic about financial appraisal in the course project appraisal and evaluation. This topic has the following subtopics: (i) Total investments costs (ii) Fixed...

Price: KES : 50
ENS 2100: Urbanization and environment Notes (One Sub-topic)
This contains only one sub-topic about the environment and urbanization well written and summarized Brief Overview: URBANIZATION AND ENVIRONMENT. In this paper we are going to discuss the...

Price: KES : 10
Professional Theory and Practice
This work gives the definition, history, concepts, nature, the empirical formulation, value & ethics, practice model, perspectives and practical interventions of behavioral theory. It gives clear...

Price: KES : 200
AEC 418 Project Appraisal and Evaluation - Economic Analysis of Projects
This is a topic about economic analysis of projects. it is an important topic in project appraisal and evaluation. It has the following sub topics (i) conversion of markets to accounting prices (ii)...

Price: KES : 200
AEC 418 Project Appraisal and Evaluation - Risk Assessment of Projects
This document is about the topic 'Risk assessment of projects'. Assessment of projects is a very important thing in project evaluation. The following are the key subtopics which are highlighted. (i)...

Price: KES : 100
EPY 110: Maseno University Introduction to Educational Psychology Notes
This is full notes for the students taking Education.Introduction to psychology comes in simple and easy to understand notes placed in point form. All the theories are described in a simple way and...

Price: KES : 50
Applied Stochastic processes: Branching Process Notes
The notes are based on discrete branching process and provides a deeper understanding of the probability distributions of each population generation and introduces the concept of probability of...

Price: KES : 100
Maseno University UCI 101: Foundations of Information Technology Notes
These are full notes for the unit of Foundation of information technology UCI 101 Maseno University. Brief overview: DEFINITION OF TERMS Information and Communication Technologies...

Price: KES : 60
Entrepreneurship Notes
Starting a small business and all about business plan. Brief Overview: Forms of business ownership Introduction: One of the first decisions facing prospective business owners is to determine...

Price: KES : 500
AKS 200: Kiswahili Phonetics and Phonology Year 2 Notes
Inaangazia mada yenye malengo ya kufunza fonetiki na fonolojia katika nyaja mbalimbali ya masomo.Kwa undani utapata usaidizi kuhusu mada hii.

Price: KES : 200
BLIS 102: Cataloging 1 1st Year Notes
This are the official Kenyatta University lecture notes for ISC and BLIS 102. Full notes covering all the unit.

Price: KES : 35
BAF 1101: Financial Accounting 1 Notes - Mount Kenya University
BAF1101: FINANCIAL ACCOUNTING I Purpose: To develop the learners understanding of the principles of book-keeping and accounts and the ability to maintain books of...

Price: KES : 1500
DPHT 018 SAP 1 Notes - Safety in the Pharmacy
These notes include the sources of danger in a pharmacy. They also include various methods to prevent or control the danger and also the safety designs of a modern pharmacy.

Price: KES : 200
Financial Institutions and Sources of Finance Notes
This notes is designed to help students pursuing business courses for economics, commerce, procurement and supply management,business management and so on at all levels. Brief...

Price: KES : 300
Applied mathematics notes: Electrical and electronics engineering
Handwritten Applied mathematics notes: Electrical and electronics engineering Document Length: 12 pages

Price: KES : 1000
Bachelor of Commerce: Business Risk
Business risk is the chance of loss in business activity due to event or occurrence which create negative adverse situation contrary to the expectation. The Nature of Business Risk 1) Risk is...

Price: KES : 30

What Our Users Say

Good Work

Joseph

"Your work guys is good. I've recommended your website to many teachers so far."

I will recommend you to parents

Jared

"Thanks I will recommend you to parents for learning content."

Your schemes are very good

Margaret

"Your schemes are very good and well planned am happy to be your customer."

Great problem solving skill

Babyghurl

"Thanks so much for your kindness ...This is a great problem solving skill."

Thanks for great care

Jelva

"Thanks for great care. I shall remain to be member more to introduce my colleagues."

You are doing a great job

Njoroge

"You are doing a great job."

Helpful website

Happy Teacher

"Hello. We appreciate your effort in updating the website, it's very helpful to teachers."

My issue has been solved

Henry

"My issue has been solved and thanks for being honest, I will continue getting materials from your website, it has a lot more that I need. Be Blessed."

Your service is exemplary

Robin

"Much appreciated.....your service is exemplary🙏🏽"

I will refer my friends

Milka

"Be blessed I will refer my friends. Good job."